Notice in Lieu of the amended equity linked note supplement and amended ELN conditions of series 2 and 3 ISSUER NAME: NEDBANK LIMITED ISSUER CODE: NEDB SHORT NAME: NBELN2 ALPHA CODE: NBELN2 ISIN CODE: ZAE000207296 ISSUER NAME: NEDBANK LIMITED ISSUER CODE: NEDB SHORT NAME: NBELN3 ALPHA CODE: NBELN3 ISIN CODE: ZAE000207304 NOTICE IN LIEU OF THE AMENDED EQUITY LINKED NOTE SUPPLEMENT, AMENDED RELATED SUPPLEMENT AND AMENDED EQUITY LINKED NOTE CONDITIONS OF SERIES 2 AND SERIES 3 OF THE EQUITY LINKED NOTES Certain of the final terms in the Amended Related Supplement have been determined on, and calculated as at the close of business on 9 July 2018. The Issuer will, by no later than close of business on 10 July 2018, circulate the final Amended Related Supplement to the holders of the remaining specialized securities. NBELN2: - Number of remaining Equity Linked Notes: 5384 - Reference Price per remaining Equity Linked Note: R 6,875.00 - Participation Factor: 250% - Initial Index Level: 17,868.18 (the level of the Index at the close of business on 9 July 2018, as published by the JSE) - Final Index Determination Date: 14 July 2021 - Index Determination Dates: 14 May 2021, 14 June 2021 and 14 July 2021 (Final Index Determination Date) NBELN3: - Number of remaining Equity Linked Notes: 1519 - Reference Price per remaining Equity Linked Note: R 5,289.50 - Participation Factor: 250% - Initial Index Level: 17,868.18 (the level of the Index at the close of business on 9 July 2018, as published by the JSE) - Final Index Determination Date: 14 July 2021 - Index Determination Dates: 14 May 2021, 14 June 2021 and 14 July 2021 (Final Index Determination Date) Should the holders have any queries or comments in respect of the above, they can contact Anastasia Halamandaris on 011 537 4013 or anastasiah@nedbank.co.za SPONSOR: Nedbank Ltd Date: 09 JULY 2018 Date: 09/07/2018 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.